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0 sats \ 2 replies \ @elvismercury 6 Dec 2023 \ parent \ on: Those Bitcoin Fees! bitcoin
I can never tell where the transition from blessing to curse is. If the run is curtailed, energy dissipates, maybe the eye of Sauron darts elsewhere for one more cycle, and builders go ham on LN / L2 work for four more years while price languishes or craters, and a zillion btc obituaries get written.
Is that better or worse? Beats me.
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228 sats \ 1 reply \ @antic OP 6 Dec 2023
I don't remember who said it--maybe a lot of people at this point--but even though we all want the future to happen now, it would be catastrophic/apocalyptic if the world switched to a bitcoin standard overnight as it would mean that everything else hyperbitcoinized and collapsed super fast. So I think slow is much better. Every bitcoin obituary is a slow breath.
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0 sats \ 0 replies \ @elvismercury 6 Dec 2023
Haha, I said it, for one, but I am assuredly not the one you're quoting.
And anyway, since I agree with that sentiment, I guess the "throttling outcome" is okay by me.
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